Many banks have updated their fixed deposit (FD) interest rates effective July 1, 2024, for amounts below Rs 3 crore. Some banks have only changed the effective date without altering the rates. It is important to check which bank offers the highest interest rates after these revisions.

Axis Bank Fixed Deposit Rates

Axis Bank has updated its FD interest rates effective July 1, 2024. For deposits up to Rs 3 crore, the highest interest rate for senior citizens is 7.75% for tenures between 5 and 10 years. For individuals, the highest rate is 7.2% for tenures between 17 months and less than 18 months.

Ujjivan Small Finance Bank Fixed Deposit Rates

Effective July 1, 2024, Ujjivan Small Finance Bank has revised its FD interest rates for amounts up to Rs 3 crore. Senior citizens can earn up to 8.75% interest for a 12-month tenure. For individuals, the highest rate is 8.25% for the same tenure.

ICICI Bank Fixed Deposit Rates

ICICI Bank has revised its FD interest rates effective July 1, 2024. For deposits up to Rs 3 crore, senior citizens can earn a maximum of 7.75% for tenures between 15 months and less than 18 months. Individuals can earn up to 7.2% for tenures between 15 months and 2 years.

Punjab and Sindh Bank Fixed Deposit Rates

Punjab and Sindh Bank has updated its FD interest rates effective July 1, 2024. For amounts up to Rs 3 crore, senior citizens can earn a maximum of 7.80% for a tenure of 666 days. For individuals, the highest rate is 7.3% for the same tenure.

Sources:

https://economictimes.indiatimes.com/wealth/invest/fd-interest-rate-up-to-8-75-these-4-banks-have-revised-fixed-deposit-rates-with-effect-from-july-1/articleshow/111404065.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst